Price for Shavers; with Self-Contained Electric Motor in Canada - 2023

Price for Shavers; with Self-Contained Electric Motor in Canada (CIF) - 2023

In June 2023, the average import price for shavers; with self-contained electric motors amounted to $24.3 per unit, remaining stable against the previous month. Overall, import price indicated slight growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, shavers; with self-contained electric motor import price increased by +17.9% against April 2023 indices. The pace of growth appeared the most rapid in February 2023 an increase of 36% month-to-month. As a result, import price attained the peak level of $27.9 per unit. From March 2023 to June 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($144 per unit), while the price for China ($17.5 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+19.2%), while the prices for the other major suppliers experienced a decline.

Price for Shavers; with Self-Contained Electric Motor in Canada (FOB) - 2022

In 2022, the average export price for shavers; with self-contained electric motors amounted to $39 per unit, rising by 239% against the previous year. In general, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of 291%. As a result, the export price reached the peak level of $44 per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($19 per unit), while the average price for exports to the United States amounted to $10 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.5%).

Imports of Shavers; with Self-Contained Electric Motor in Canada

In 2022, approx. 2M units of shavers; with self-contained electric motors were imported into Canada; increasing by 2.9% compared with the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 4.8% against the previous year. Over the period under review, imports hit record highs at 2M units in 2019; afterwards, it flattened through to 2022.

In value terms, shavers; with self-contained electric motor imports expanded sharply to $43M in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Shavers; with Self-Contained Electric Motor in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	14.3	14.2	22.8	26.4	22.7%
Indonesia	6.0	9.7	10.8	11.7	24.9%
Netherlands	11.0	8.2	3.5	2.0	-43.3%
United States	1.6	5.2	1.8	1.3	-6.7%
Mexico	1.3	0.8	N/A	N/A	-38.5%
Others	5.4	1.9	1.6	1.8	-30.7%
Total	39.5	40.0	40.6	43.3	3.1%

Top Suppliers of Shavers; with Self-Contained Electric Motor to Canada in 2022:

China (1235.9K units)
Indonesia (597.2K units)
United States (75.4K units)
Netherlands (35.9K units)
Mexico (0.2K units)

Exports of Shavers; with Self-Contained Electric Motor in Canada

In 2022, overseas shipments of shavers; with self-contained electric motors decreased by -46.2% to 82K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 77% against the previous year. Over the period under review, the exports reached the peak figure at 152K units in 2021, and then fell notably in the following year.

In value terms, shavers; with self-contained electric motor exports skyrocketed to $3.2M in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 168% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.